Bill and Sue purchased equipment on 3/1/23 and uses the straight-line method to depreciation this asset. The asset has a useful life of 5 years with salvage value of $36,000. Record the adjusting journal entry for depreciation.

Bill and Sue purchased equipment on 3/1/23 and uses the straight-line method to depreciation this asset. The asset has a useful life of 5 years with salvage value of $36,000. Record the adjusting journal entry for depreciation. Bill and Sue purchased equipment on 3/1/23 and uses the straight-line method to depreciation this asset. The asset has a useful life of 5 years with salvage value of $36,000. Record the adjusting journal entry for depreciation